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Elaboration (1) ACHASSK198

discussing how belonging to a religious or cultural group can provide a sense of belonging and how this group membership can shape an individual's identity

identifying the different ways that cultural and religious groups express their beliefs, identity and experiences (for example, through customs, practices, symbols, language, traditions and art, and virtual communities)

Elaboration (3) ACHASSK198

discussing how stereotypes are linked with people's cultural identity (for example, clothes, accent/language, media representations)

Elaboration (4) ACHASSK198

considering how Australia’s location in the Asian region influences interactions between Australians and those living in the region

Elaboration ACHASSK199

investigating the role and interactions of consumers and producers in the market (for example, using a simple circular flow of income model, demand, supply, price mechanism)

Elaboration (1) ACHASSK199

investigating how consumers rely on businesses to meet their needs and wants

Elaboration (2) ACHASSK199

examining how businesses respond to the demands of consumers (for example, preference for healthy, environment-friendly, organic or ethical products and services)

Elaboration (3) ACHASSK199

exploring why businesses might set a certain price for a product (for example, because that’s what they think consumers will pay) and how they might adjust the price according to demand

Elaboration (4) ACHASSK199

considering how consumers might influence producers in other countries, such as those in the Asia region, to provide goods and services

Elaboration ACHASSK200

explaining the need for setting short- and long-term personal financial objectives and prioritising personal financial responsibilities and needs over wants

Elaboration (1) ACHASSK200

identifying ways short- and long-term personal financial objectives can be achieved (for example, through developing a budget and having a savings plan)

Elaboration (2) ACHASSK200

explaining how financial records (for example, income statements, balance sheets, budgets and cash flow statements) inform business decision-making

Elaboration (3) ACHASSK200

exploring ways that businesses manage finances and plan in the short- and long-term to achieve organisational and financial objectives (for example, by developing a business plan or borrowing to invest in the business)

Elaboration ACHASSK201

investigating well-known or familiar successful entrepreneurs and identifying the behaviours and skills that they bring to their business (for example, seeing and taking advantage of an opportunity; establishing a shared vision; demonstrating initiative, …

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